Search found 333 matches

by camillus
Mon Aug 20, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 57
Views: 4838

Re: Is a million really the benchmark for retirement

Calico wrote:
Mon Aug 20, 2018 7:25 pm
My fear is outliving my money
A high quality annuity in this situation could potentially alleviate some fear :happy

For edification, see: https://investor.vanguard.com/annuity/immediate
by camillus
Mon Aug 20, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 57
Views: 4838

Re: Is a million really the benchmark for retirement

My family of four can live quite well on $4-5k a month.
by camillus
Mon Aug 20, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 10
Views: 553

Re: Fund placement

Hi Camillus Sounds good :happy I just want to alert you to the tax implications of reorganizing your taxable account. It sounds like you won't have any taxable income other than social security in 2019. Sounds like a prime time to get all of your ducks in a row for a long, wonderful retirement. Whi...
by camillus
Mon Aug 20, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: The more I learn the less I know: general checkup, lots of questions.
Replies: 16
Views: 1828

Re: The more I learn the less I know: general checkup, lots of questions.

Keep in mind that your Roth IRA contributions can be withdrawn tax & penalty free - and can serve as an extended emergency fund. There are few reasons to miss the opportunity to max out Roths while you are piling up cash for no identifiable reason.
by camillus
Mon Aug 20, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 10
Views: 553

Re: Fund placement

we have an additional $200k that we would also like to invest. Just a thought. If the above $200k is just sitting in cash, instead of investing it, you could live off some of that money for a year. During that year of near zero taxable income, you could maximally streamline & reorganize your taxabl...
by camillus
Mon Aug 20, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 57
Views: 4838

Re: Is a million really the benchmark for retirement

:oops: I wrote a long post but somehow deleted it. I'll just add - you will be fine, OP! Set up an online account with social security to see what you can expect: https://www.ssa.gov/myaccount/ Some other things: 1) A paid off house would be great 2) Part time work might even be fun 3) If you want t...
by camillus
Sun Aug 19, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 9
Views: 797

Re: Unequal tax treatment of HSAs and 529s

Conversely, wouldn't it be interesting if at some future date the IRS moved the rules of HSA distributions closer to that of 529s, that is, mandating that qualified withdrawals happen in the same year as the expense. You have to admit, allowing people to hoard receipts for years and years for a late...
by camillus
Sun Aug 19, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: Credit Card Fraud - $30K
Replies: 46
Views: 3933

Re: Credit Card Fraud - $30K

Mint.com is a good suggestion for providing you daily surveillance of all accounts with the ease of entering a PIN number. Another suggestion is that if you are keeping cards open just to improve your average "age of accounts," that you see about having your credit limit reduced. This way if a thief...
by camillus
Sat Aug 18, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 37
Views: 3043

Re: Money Market Funds vs. Online Banks

I suppose it comes down to convenience and the level of safety that you're going for. My rewards checking account at my local bank pays more than 2% on a balance of 30k. If you are having to manage accounts at a third institution at a lower interest rate, no - it might not be worth it. The nice thin...
by camillus
Sat Aug 18, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 88
Views: 3919

Re: Your major and investing/finance?

Nursing. The body has many buffering systems that labor to keep different parts of the body in balance, say keeping your electrolytes at the correct levels by taking resources from elsewhere, or maintaining your blood PhD by increasing bicarb or over-ventilating CO2. This is kind of like maintaining...
by camillus
Sat Aug 18, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 88
Views: 8900

Re: Vanguard predicts 10 year equity returns

What is actionable? Perhaps a gut check on asset allocation. What would you all think about reconsidering adding other diversifiers to a portfolio, say REITS? I was not strongly considering this before, but if Vanguard is telling me that domestic equities are not going to do well then perhaps I need...
by camillus
Sat Aug 18, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2551

Re: Health Check at 30. What Can I Do To Improve?

myfrogger, I used to comment and shame people who I perceived to make more than me but who had worse financial habits than I did. My trollish behavior was brought to my attention, and I decided to quit. People who post here with questions are curious and just want to move in the right direction. I'...
by camillus
Sat Aug 18, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2551

Re: Health Check at 30. What Can I Do To Improve?

myfrogger, I used to comment and shame people who I perceived to make more than me but who had worse financial habits than I did. My trollish behavior was brought to my attention, and I decided to quit. People who post here with questions are curious and just want to move in the right direction. Now...
by camillus
Tue Aug 14, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 613
Views: 36322

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Vanguard’s outlook for global stock and bonds is the most subdued it has been in a decade. Elevated equity valuations, low interest rates, and compressed spreads have pulled the market’s efficient frontier into a lower orbit. In the U.S., equity returns are expected to hover in the 3-5% range, in s...
by camillus
Sun Aug 12, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 965

Re: Which account to build up?

Therefore, paying off your 4.75% mortgage gives you "only" a 3.705% guaranteed return - if you itemize. We will itemize this year because the mortgage interest + State/Local taxes are more than the standard deduction. I predict we will be itemizing at least for the next 5 years. There you have it. ...
by camillus
Sun Aug 12, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 965

Re: Which account to build up?

I am a bit foggy on what the 2018 tax law did to the mortgage interest deduction. I believe the follows is correct: 1) If you itemize your taxes, then you can claim a mortgage interest deduction 2) Your mortgage is large (from my perspective in a LCOL area), but you can claim the full amount of your...
by camillus
Sun Aug 12, 2018 4:09 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4806

Re: How often do you check your brokerage accounts

CeeKay1729 wrote:
Sun Aug 12, 2018 3:30 am
I use personal capital. I check 3-5x a day. OCD...I know.
This is my story as well. Also - checking bogleheads.org and other financial blogs every day. This is not good for me.
by camillus
Sun Aug 12, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6971

Re: Private Banking is a trap. Don't do it!

But what I wasn't prepared for is the incessant sales pitches for the horrendous funds at the Private Bank. John Bogle is my hero, so it's easy to see that I find their funds laughable at best. Their funds are all, first of all, incredibly complicated. I'm talking 50 page PDFs with endless charts, ...
by camillus
Sun Aug 12, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2143

Re: Helping Parents with Retirement

Just want to encourage you, OP. I may be in your shoes one day. Also, as was said above, moving the IRAs into low cost index funds will save more money on top of the management fee of the advisor. After the rollover, say you save an average of 0.6% in fees on the holdings, added to the 1.4% manageme...
by camillus
Sun Aug 12, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Mid 30s Crisis: Personal budget, savings and goals
Replies: 36
Views: 7046

Re: Mid 30s Crisis: Personal budget, savings and goals

WhatsIRR wrote:
Sat Aug 11, 2018 2:34 pm
I am open to all thoughts and suggestions
Are children in the picture for you and your wife?

Do you have any charities or meaningful causes to be a part of?
by camillus
Sat Aug 11, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: 32 yrs old, lost, and needing guidance
Replies: 29
Views: 2624

Re: 32yo lost and needing guidance

A boglehead doctor started a website for your exact demographic: https://www.whitecoatinvestor.com/

There you will probably find that each of your questions is answered in remarkable detail. Enjoy!
by camillus
Sat Aug 11, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off last student loan?
Replies: 8
Views: 706

Re: Should I pay off last student loan?

Thank you for your responses! It’s funny, I had been thinking about it a lot but it wasnt until I typed out the question that it became clear what to do. I am paying it off this weekend and happy about the decision! Congrats! I was about to troll you with the following: Wait - do not pay off your l...
by camillus
Sat Aug 11, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement AA and fund recommendations- newbie
Replies: 9
Views: 520

Re: Help with retirement AA and fund recommendations- newbie

You need to compare apples to apples. Note that camillus's suggestion is 50/50 stocks/bonds, while your current portfolio is roughly 64/36. I'm guessing this might explain the difference in return. Last year, stocks did very well - and so a 60/40 portfolio would have done much better than a 50/50 p...
by camillus
Sat Aug 11, 2018 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Savings for young children
Replies: 2
Views: 455

Re: Savings for young children

Hi JAM1, The typical answer to your question is counter intuitive: invest in your own retirement accounts. During retirement, the more secure you are and the more cash flow you have, the more support your children might receive. Conversely, if you don't save enough for your own retirement, you child...
by camillus
Sat Aug 11, 2018 4:43 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 5052

Re: Preparing for a bear market

Some other meaningful alternatives to stocks & bonds are real estate and perhaps an annuity. Some might point out that you are trying to time the market, others might applaud you for finding a more reasonable asset allocation (to you). You seem though to be making an increasing number of changes bec...
by camillus
Fri Aug 10, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement AA and fund recommendations- newbie
Replies: 9
Views: 520

Re: Help with retirement AA and fund recommendations- newbie

Hi Beach88, Congratulations on your retirement! Am I correct in that you have a single traditional IRA that comprises your retirement savings? If so, this could be as simple as the following: 1) Roll the entire balance from Edward Jones to Vanguard, Fidelity, or Schwab. 2) There are a few "one fund"...
by camillus
Fri Aug 10, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8994

Re: Biggest Threats to Financial Well-Being

Getting sick, including mental illness
by camillus
Fri Aug 10, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1879

Re: Roth 401k vs. Traditional 401k

Keep in mind that closer to retirement, different assets can be held in different places. For example, your Roth accounts can then hold 100% equities and your deferred accounts can hold all of your bonds and perhaps large cap stocks. This will promote the growth of Roth money and the slowing of defe...
by camillus
Thu Aug 09, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: financial planning and the unknowability of the future
Replies: 15
Views: 1406

financial planning and the unknowability of the future

Hi all, I am noticing in my thinking that I am trying more to abide by the principle of the future's unknowability, the future being more "unknowable" the farther out it gets. Therefore, I try to make decisions that benefit me most in the nearer term, say within 5 or 10 years. For example, I prefer ...
by camillus
Thu Aug 09, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Need help with contributing to two 529s
Replies: 6
Views: 319

Re: Need help with contributing to two 529s

You could fret about this for the next 10+ years, or you could contribute to one 529. The day your eldest graduates high school, open the second 529 and transfer half of your balance. It doesn't matter, barring certain limits and state income tax deductions during accumulation - even then, I believe...
by camillus
Sat Aug 04, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14379

Re: Will you pay for your kids' college/graduate education?

Without skin in the game, there may not be a sense of ownership. Nice concept, but skin in the game doesn't have any meaning to most college students. They do not understand the value of money. Otherwise, all these students with massive student loan debt who have the most skin in the game would be ...
by camillus
Sat Aug 04, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: How do you think about your mortgage in relation to your stock/bond portfolio?
Replies: 32
Views: 2453

Re: How do you think about your mortgage in relation to your stock/bond portfolio?

Ultimately, your asset allocation is a behavioral tool to keep you from misbehaving. Either you factor in your mortgage or not. I think it would be problematic to all of a sudden decide to reckon your mortgage as a part of your AA, and then make drastic changes to your brokerage accounts. Your previ...
by camillus
Sat Aug 04, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14379

Re: Will you pay for your kids' college/graduate education?

My first college experience was paid for by my parents. I did not pick a very lucrative major, though it was very meaningful to me. My wife's college, grad school, and PhD was paid for by merit based scholarships. My second, accelerated college experience was paid for by the both of us (three part t...
by camillus
Sat Aug 04, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Minivan Vs SUV Experience
Replies: 111
Views: 6909

Re: Minivan Vs SUV Experience

I don't think it's merely about status. A full size SUV probably has more "felt security" by way of having more mass, height & power than a minivan. An SUV might inspire more confidence when behind the wheel. I think there's image/status stuff wrapped in too, especially for stay at home parents. Per...
by camillus
Fri Aug 03, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: Question re fee revision with TIAA 403b at R1
Replies: 3
Views: 194

Re: Question re fee revision with TIAA 403b at R1

:oops: Ah, I suppose TIAA has a public website
by camillus
Fri Aug 03, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: Question re fee revision with TIAA 403b at R1
Replies: 3
Views: 194

Question re fee revision with TIAA 403b at R1

Hi all, I noticed recently that the expense ratios were slashed in my TIAA 403b at an R1 institution, which is good news. Formerly, they were in the 66-72 bps range, now they are 51-57 bps. I'm wondering if anyone else has seen a fee revision at TIAA. I am wondering if this is just me - perhaps my H...
by camillus
Thu Aug 02, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions on investing. $400k in cash
Replies: 9
Views: 1111

Re: Need suggestions on investing. $400k in cash

Certainly not meaning to be hurtful. For what it's worth, he is younger and richer than me :-)
by camillus
Thu Aug 02, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2233

Re: Charitable giving strategy

Earl, here is an entertaining read for you:

https://www.mrmoneymustache.com/2016/10 ... ay-100000/

Enjoy your giving!
by camillus
Thu Aug 02, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions on investing. $400k in cash
Replies: 9
Views: 1111

Re: Need suggestions on investing. $400k in cash

OP, I think that you should recognize that there is risk not being invested. Keeping your savings in cash has underappreciated risk, namely to inflation and missing market gains. To make the point, when you were 22 it was about 2009. Here is the chart of the SP500 since you started your working care...
by camillus
Tue Jul 31, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to prepare for "the talk"
Replies: 64
Views: 4936

Re: How to prepare for "the talk"

I think that the single most important objective in your "talk" is establishing trust , and your demonstration of very good listening skills and very low levels of judgment and know-it-all-ism. Be kind and respect your folks. Even if they are bad at money, they are good parents! You have this built ...
by camillus
Tue Jul 31, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Are women worse at investment?
Replies: 24
Views: 1410

Re: Are women worse at investment?

This thread is destined for a lock.

I just wanted to say that after reading the research-based Millionaire Next Door, the strong impression that I had was that the single most prodigious person in increasing their net worth relative to income was a female teacher.

:happy
by camillus
Tue Jul 31, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8284

Re: Any Boglehead powerlifters?

Just wanted to join the thread. How fun. Two months ago I started Stronglifts 5x5, with the empty bar with each exercise and have linearly progressed since then. I'm 35, 6'3" with very skinny long arms (very easily touching pinkie finger to thumb around the opposite wrist), starting weight 227 lbs, ...
by camillus
Tue Jul 31, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 57
Views: 5785

Re: Are millennial botching their asset allocations?

I am technically a millennial. I am also technically (by some definitions) middle-age. I popped out of graduate school in 2008, right in time for my profession to be decimated by the great recession. I think within the "millennial" generation there is an underappreciated diversity. Personally, I've ...
by camillus
Mon Jul 30, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: At Retirement: thoughts on portfolio allocations & moving TIAA to VG
Replies: 9
Views: 691

Re: At Retirement: thoughts on portfolio allocations & moving TIAA to VG

Consider this: if you had a single IRA at Vanguard, would you open an account with TIAA just so you could invest in TREA & TRAD? I think not. I think TREA & TRAD are consolation prizes for having to do business with TIAA. What I would do: 1) Decide if you want to annuitize anything at TIAA. 2) Roll ...
by camillus
Sun Jul 29, 2018 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2201

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

I think there needs to be a goal in mind, like early retirement. What do you want to do with life? Charity, vacations, etc? I would also consider taxable investing, hopefully to fund some meaningful life experiences before 59 1/2 (although you can accomplish the same thing by withdrawing Roth IRA co...
by camillus
Sun Jul 29, 2018 1:41 am
Forum: Personal Consumer Issues
Topic: LTC strategy: make health your hobby
Replies: 38
Views: 2996

Re: LTC strategy: make health your hobby

Somewhere in my education I picked up a CNA license (certified nurse assistant), that is, the person who bathes and changes the elderly in nursing homes (see my avatar). Because of that training & experience, my goal upon entering assisted living is to weigh as little as possible. I'm 6'4" and would...
by camillus
Tue Jul 24, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Are socially responsible funds just another marketing ploy?
Replies: 25
Views: 2166

Re: Are socially responsible funds just another marketing ploy?

For further reading along these lines, see Cliff Asness' paper: Virtue is its Own Reward: Or, One Man’s Ceiling is Another Man’s Floor Thank you for the link to the article, where it is said plainly: "Pursuing virtue should hurt expected returns." :happy There is a great deal of cynicism in the wor...
by camillus
Sat Jul 21, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Portfolio - am I doing right?
Replies: 14
Views: 1326

Re: HSA Investment Portfolio - am I doing right?

drk wrote:
Sat Jul 21, 2018 11:00 pm
Really, though, I would recommend getting an idea of your overall allocation and opting for one fund in your HSA.
This is what I do. I also use Personal Capital to get an "xray" of my portfolio.